...MegaFon is a pure-play GSM ###/#### mobile operator in Russia, ranking number three in the market by revenues and subscriber base. The company has a small conso lidated subsidiary in neighbouring Tajikistan, al though its operations are tiny in comparison with MegaFon s Russian franchise. MegaFon s key predecessor, North-West GSM, was registered in ####. In #### it launched a cellular offering in the city of St. Petersburg and soon became the dominant mobile provider for the entire north-western region of Russia. In August ####, Telecominvest (the majority shareholder in North- West GSM), TeliaSonera ( A- /Stable) and CT- Mobile (a controlling shareholder in Sonic Duo, a GSM licence-holder in the Moscow area) announced the merger of their mobile assets in Russia to create a nationwide cellular operat or. Shortly thereafter, this venture began offering services under a uniform MegaFon brand. The merger was completed in March ####, when North-West GSM formally acquired...
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